Climate Change/Environmental
9/30/2009 12:06:54 PM EST
EU Takes Aim At Carbon Credit "Carousel Fraud"
Partner, Ropers Majeski Kohn & Bentley
Prior posts have noted that any carbon credit trading scheme is likely to be subject to various attempts to commit fraud. In the U.S., the carbon trading plan is intended to generate significant revenue for the U.S. Treasury, at least once the program expires which offers a huge percentage of the credits for free. Merely as an example of fraud schemes, here is an article about an EU fraud scheme that was recently uncovered. See http://nbsrocks.com/seven-arrests-in-suspected-38m-carbon-credit-fraud. Create an account or login to post comments.